Retail•Free Standing•For Sale

Taylor Rental Center of Inverness - True Value

3315 East Gulf to Lake Highway, Inverness, Florida 34453

Sale Price $1,200,000 ($259.52 /SqFt)
Sale Type Owner User
Zoning GNC
Bldg Type Single-Tenant
Class B
Status Existing
Year Built 1972
Stories 1
Annual Taxes $4,912.00
Gross Bldg 4,624 SqFt
Land Area 1.1 Acres
Parcel# 19E-19S-02-0010-00070-0170
Bridgewater Commercial Real Estate, LLC is pleased to offer the business and real estate of Taylor Rental Center - Inverness, operating as a True Value Rental Center Franchisee. Locally owned and operated, this location has been serving the community with the finest in rental equipment and sale items since 1993. True Value Rental has an extensive rental inventory that includes excavators, trailers, stump removers, skid steers, lifts, trenchers, generators, air compressors, party supplies and more! This diverse business has experienced consistent revenues and impressive seller discretionary earnings over the past three years. Equipment rental companies are considered highly profitable business models that operate in a well-defined and protected niche. That is certainly accurate of True Value Rental of Inverness, with a population base of nearly 156,000 residents within 15 miles. Annual revenues for 2016 - 2019 averaged $590,000 with 2019 owner cash flow of $181,000. Key personnel which includes the store manager of 15 years, would like to remain with the business ensuring smooth ongoing operations. This advantageous location on State Road 44, the primary east-west thoroughfare in Citrus County, is only 20 minutes from both US Highway 19 and Interstate 75. The location provides great visibility with 300 + feet of frontage on East Gulf to Lake Highway (State Road 44) and efficient drive-through ingress/egress from two streets. True Value Rental of Inverness is located within a short driving distance of Tampa, St. Petersburg, Gainesville & Ocala. The Suncoast Parkway provides quick access to Tampa and is undergoing a 13-mile extension northward from US 98, where it will connect to Gulf to Lake Highway approximately 8.5 miles west of the property. The property contains 1.10 ± acres of land with plenty of room for outdoor storage and customer parking. The 4,624 square-feet (SF) building contains 1,700 SF of retail showroom with a management office area, sales counter and restroom; 1,020 SF of finished air-conditioned warehouse with break room and restroom; and 1,904 SF of warehouse utilized for equipment storage and maintenance that is fitted with two grade level roll-up doors. The property is secured with chain link fencing and the building is further protected by eight monitored security cameras. An elevated pylon sign provides prominent advertising along East Gulf to Lake Highway. Taylor Renter Center of Inverness operates under a franchise agreement with the True Value chain of independently owned hardware and rental stores. The new owner may decide if they wish to retain this agreement or establish a new brand for their business. Please review the attached Offering Memorandum for further details and be sure to check out the video through the provided link. Contact Commercial Asset Partners to complete the Confidentiality Agreement and discuss this opportunity in more detail!
  • • Business sale with real estate included
  • • Locally owned and operated since 1993, current ownership since 2003
  • • Consistent revenues and seller discretionary earnings '16 -'19
  • • 4624 SF Building on 1.10 acres with ample outdoor storage and parking
  • • Key personnel wish to remain with the business
  • • $86,000 in Capital Equipment Expenditures in 2019
  • • Showroom renovated in 2018 along with new outdoor signage
  • • Citrus County is experiencing tremendous growth fueled by Duke Energy's new $1.5B natural gas power plant that opened in October 2018
  • • Florida has no state income tax
1/16/2020 12:00:00 AM 2/20/2020 1:47:30 PM
Kori Billings
Commercial Sales Associate
Bridgewater Commercial Real Estate
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